Short Term Disability Premium Cost Comparison

Woman cutting dollar sign with scissors Compare the short term disability premium cost to your expected benefit for normal delivery. The amount you receive for a planned event may greatly exceed the premium cost. Plus, additional benefits may be paid for pregnancy complications, postpartum disorders, accidents, and illnesses at no added cost.

Hospital indemnity insurance is another policy that covers normal pregnancy and pays maternity benefits directly to you. In addition, an extra payment may be made if your infant is born prematurely, or spends time in Neonatal Intensive Care (NICU) for medical complications. Accidents and illnesses are covered at no added cost.

See in detail how the two policies:

Create maternity leave pay for normal delivery
Provide security for the unexpected
At no additional cost

Insurers stand to lose a bundle. The cost/benefit of these policies explains why its so hard to find coverage for normal delivery, and why we ask you to take a few extra steps to get this important coverage. Protecting your family finances is worth your time, effort, and energy.

Premium Cost Versus Maternity Benefit Example

Let's suppose you had some information about a stock. Based upon that information you thought that the stock might triple in value in one year, and possibly could be worth ten times what it cost to buy. Would you buy that stock? Would you make an extra effort to do so? If you are planning a pregnancy, you have a similar scenario. Consider these two policy configurations that pay benefits for normal pregnancy:

Short term disability
- 7 day elimination period
- 12 month payment duration
- $3,000 monthly payment amount
Hospital indemnity
- $3,000 payment upon admission

Short term disability makes different maternity payments based upon type of delivery.

Chart of Cost/Benefit

	Short Term Disability	Hospital Indemnity	Total
Payment to You for Normal Vaginal Birth	$3,448	$3,000	$6,448
Payment to You for Normal C-Section Delivery	$4,884	$3,000	$7,884
Monthly Premium Cost	$165	$35	$200

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Suppose you deliver a perfectly healthy baby by c-section after making ten premium payments. Your benefit is almost four times the cost of the policy covering something you are planning to do - deliver a perfectly healthy baby. Now consider that both polices may also pay far more in benefit in case of:

Pregnancy complications
Premature birth
Postpartum disorders
Accidents
Illnesses

Your total benefit may easily exceed ten times what your premium cost - for scenarios that are quite common during pregnancy. Is this worth a little extra effort? Remember, there is no direct cost to your employer to give you this important option.